GDB Holdings rose and flirted with the RM0.895 resistance level with a higher trading volume. With its RSI indicator poiting upwards, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards a short term target price of RM0.935, followed by RM0.955. A downside support is marked at RM0.85. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.895

Target: RM0.935, RM0.955 (time frame: 2-4 weeks)

Exit: RM0.85
 

Source: AmInvest Research - 4 Jun 2021